Vermont's Small Scale Renewable Energy Incentive Program (SSREIP), initiated in June 2003, currently provides funding for new advanced wood pellet heating installations. The program is available to residential, commercial, institutional, and non-profit entities. Only systems installed by pre-approved installers will be eligible for funding. Funding must be reserved and applications approved before expenditures are made. Fund availability can be found here. Once reservations are granted, applicants have six months to complete their projects and submit the final application. Current incentives are as follows:
Advanced Wood Pellet Heating
Flat-Rate Incentive (Residential and small commercial with less than 5,000 sq ft of heated space): $3,000
Coal Change-Out Adder (Residential and Commercial): adder is 50% of the cost of a new heating system; up to $7,000 for residential and $27,000 for commercial projects that replace a coal stove, furnace, or boiler with a pellet stove, furnace, or boiler (adder is operating till the end of 2023 or until funds run out)
Income-Eligible Adder (Residential): adder is $8,000 (low-income) and $6,000 (moderate-income)
The program also offers incentives for pellet storage, woodstove repairs, and changeouts, among others. For terms and conditions, and requirements for the advanced wood pellet heating incentives, click here.